Birmingham Midbox scheme wins planning
Chancerygate and Bridges Fund Management’s joint venture has won planning for a £77 million 277,000 ft2 mid box scheme in Birmingham.
By Liza Helps Property Editor Logistics Matters
THE SCHEME, to be known as Torque, is in Erdington and is located on the former GKN factory site on Chester Road. When complete, it will provide 22 units ranging in size from 4,500 – 66,000 ft2.
A 0.8 acre site fronting the scheme has been sold to the West Midlands Combined Authority (WMCA). There are also ongoing discussions with a number of interested parties regarding the sale of a further one-acre plot of land at the site.
All units at Torque will be fitted with electric vehicle charging points and have solar panels on their roofs, which will provide occupiers with green energy on an affordable basis. The units will target BREEAM Excellent and an EPC A+ rating as a minimum.
Chancerygate development manager, Rob Watts, said: “Torque will help satisfy the high demand from SME occupiers in Birmingham and across the West Midlands for high quality, high specification sustainable urban logistics units.
Chancerygate currently has around 1.41m sq ft of urban logistics space under construction or ready for development across 11 sites ranging from Edinburgh to Croydon.
Agents for Torque are Knight Frank and Newmark.
